Acts Online
GT Shield

Fund-raising Act, 1978 (Act No. 107 of 1978)

Chapter II : Disaster Relief Fund, South African Defence Force Fund, Refugee Relief Fund, State President's Fund and Social Relief Fund

24. Disposal of assets and documents of authorized persons and authorized organizations

 

(1) If an authorized organization discontinues its activities or is dissolved in terms of the provisions of its constitution or if the special authority granted to it has lapsed or has been withdrawn in terms of this Act, the management of such organization shall—
(a) within the prescribed period submit to the board which has granted the special authority to it the prescribed returns, statements, a liquidation and distribution account and such other information as may be required by such board;
(b) deliver, within the period specified by such board, to the board all the records and documents relating to the collection and disbursement of contributions for or on behalf of such board and which are in its possession or under its control;
(c) immediately deliver or transfer to such board the assets shown in the liquidation and distribution account as available for distribution.

 

(2) A liquidation and distribution account referred to in subsection (1) shall lie for inspection of the public for the prescribed period at the office of the board to which it has been submitted.

 

(3) The provisions of subsections (1) and (2) shall mutatis mutandis apply in respect of an authorized person if such person has discontinued his activities or if the special authority granted to him in terms of section 21, has lapsed or has been withdrawn in terms of this Act.

 

(4) If an authorized organization has discontinued its activities or if the special authority granted to it in terms of this Act has lapsed, and its management is not or cannot be so constituted in accordance with its constitution in order that the authorized organization may be dissolved, the board which granted the special authority to it may dissolve such organization and may without warrant seize the assets, records and documents of the said authorized organization in so far as they relate to or are connected with the collection or disbursement of contributions for or on behalf of such board, and the board shall thereupon cause to be prepared a liquidation and distribution account as contemplated in subsection (1)(a) in respect of assets and liabilities or such organization, which shall lie for inspection as contemplated in subsection (2).